Canada Stocks-TSX hits record high as mining and technology shares jump

Canada's main stock index rose to a record high on Tuesday, led by gains for technology and metal mining shares, as hopes rose for a reduction in Middle East tensions.

The Toronto Stock Exchange's S&P/TSX Composite index ended up 575.45 points, or 1.6%, at 35,801.59, marking its biggest one-day gain since April 30 and eclipsing the record closing high it posted last Tuesday.

WestJet, majority-owned by Onex Corp, said it was gradually resuming operations after reaching a tentative agreement with its flight attendants, ending a strike that caused hundreds of cancellations during a Canadian holiday weekend. Shares of Onex were up 5.6%.

Four of the 10 major sectors fell, including energy, which lost 2.9%, as the price of oil settled 5.7% lower at $75.77 a barrel.

Data showed that Canada's trade surplus hit a four-year high of C$3.86 billion ($2.75 billion) in June, when a weaker Canadian dollar helped inflate the value of exports and imports.

The materials group, which includes metal mining shares, advanced 5.2%, led by a gain of 15.8% for the shares of Americas Gold and Silver USA.TO.

The price of gold was up 0.6% as the drop in oil prices tempered inflation fears, lowering U.S. interest rate hike bets.

Technology added 7.1%, with shares of electronic equipment company Celestica Inc up 12.9%.

Industrials rose 3.1% and heavily weighted financials ended 0.8% higher.